China calls for swift movement on BRICS development bank
Brisbane, Australia (AFP) Nov 15, 2014 - China on Saturday urged BRICS nations to speed up the creation of a development bank as an alternative to the Western-dominated global financial system. The BRICS group of emerging economic powers - which also includes Brazil, Russia, India, and South Africa - agreed in July to form the New Development Bank to finance infrastructure projects and an emergency reserve fund. The Chinese h ... more
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